Advanced Biofuels USA: promoting the understanding, development and use of advanced biofuels around the world.

Call to Action for a Truly Sustainable Renewable Future
August 8, 2013 – 5:07 pm | No Comment

-Include high octane/high ethanol Regular Grade fuel in EPA Tier 3 regulations.
-Use a dedicated, self-reducing non-renewable carbon user fee to fund renewable energy R&D.
-Start an Apollo-type program to bring New Ideas to sustainable biofuel and …

Read the full story »
Business News/Analysis

Federal Legislation

Political news and views from Capitol Hill.

More Coming Events

Conferences and Events List in Addition to Coming Events Carousel (above)

Original Writing, Opinions Advanced Biofuels USA

Sustainability

Home » Business News/Analysis, Environmental Protection Agency, Federal Agency, Federal Litigation, Federal Regulation, Pennsylvania, Policy, White House

10-Day Comment Period on PES Settlement Agreement Closes March 26

Submitted by on March 21, 2018 – 5:11 pmNo Comment

by Ron Kotrba (Biodiesel Magazine)  The public comment period opened March 16 after publication in the Federal Register on the proposed consent decree and environmental settlement agreement lodged by the U.S. Department of Justice with the U.S. Bankruptcy Court for the District of Delaware in the PES Holdings bankruptcy case.

According to the Federal Register publication, the U.S. filed this settlement agreement with PES Holdings LLC on behalf of the U.S. EPA to resolve a dispute about the obligations and liabilities of the bankrupt oil refiner and related parties under the Renewable Fuel Standard program, which requires refiners to blend renewable fuels into gasoline or diesel fuel or obtain renewable identification numbers (RINs) to meet renewable volume obligations (RVOs).

The bankrupt oil refinery, which has blamed RIN prices and the RFS for its financial woes, is Sen. Ted Cruz’s primary justification as to why the RFS must be overhauled and a cap placed on the price of RINs, the subject of many White House meetings and rhetoric in recent weeks.

Under the settlement agreement, debtors have agreed to retire a total of 138 million currently held RINs to resolve PES’s liability for RVOs prior to the effective date of the debtors’ proposed plan of reorganization; to retire 64.6 million RINs toward their post-bankruptcy 2018 RVO; and to consent to retirement of RINs on a semiannual basis for their post-effective date RVOs through 2022. This obligation will be extended and the company will be subject to stipulated penalties if it fails to meet this obligation.

Comments must be submitted by March 26 and should be addressed to Assistant Attorney General, Environment and Natural Resources Division in reference to PES Holdings, LLC, et al., D.J. Ref. No. 90-5-2-1-10993/1. Comments can be submitted by email here.

For more information, or for the physical mailing address to which hardcopy comments can be sent, click hereREAD MORE

DOJ must maintain integrity of RFS, reject PES settlement (National Biodiesel Board/Biodiesel Magazine)

Tags: , , , , , , , , , ,

Comments are closed.